Race Winning Brands, Inc., a portfolio company of Kinderhook Industries, LLC has acquired Diamond Pistons of Clinton, MI and Trend Performance of Warren, MI. The transaction was announced April 4.
Headquartered in Mentor, OH, Race Winning Brands is a manufacturer of performance and racing pistons and related engine components for the automotive and powersports performance markets. The company markets its products internationally through several highly recognized brands including JE Pistons, Wiseco Performance Products, K1 Technologies, Innovate Motorsports, and ProX Racing Parts.
The acquisition of the Diamond Pistons and Trend Performance brands represents the first add-on acquisition for RWB and Kinderhook’s 45th automotive related transaction. Financial terms of the transaction were not disclosed.
“This is all about making the Diamond and Trend brands’ product portfolios and customer focused commitment even stronger than it is today,” said Bob Fox, Trend founder and Diamond president. “I am excited to join forces with Race Winning Brands. This move enables us to focus even more energy on serving the evolving needs of today’s racer.”
Brian Reese, CEO of RWB said the acquisition complements RWB’s existing portfolio of brands. “Diamond Pistons and Trend Performance have firmly established themselves as trail-blazers in the automotive performance market. We are very excited to welcome Bob Fox and add both businesses to the RWB family while retaining their customer-focused strategy that prioritizes speed and innovation.
Kinderhook Industries, LLC is a private investment firm that manages over $2.0 billion of committed capital and has made in excess of 150 investments and follow-on acquisitions since inception. Its focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental/business services and automotive/light manufacturing sectors.